In this episode, Joe Consorti joins us to explore the impacts of trillion-dollar deficits on the fiscal landscape and what it means for bitcoin’s future. We start with a look at the current liquidity environment and how asset prices are responding, followed by a discussion on rate cuts and capital deployment strategies. Joe shares his outlook on bitcoin’s trajectory through 2025 and the central bank actions we should be keeping a close eye on. We then examine key models like the power law and stock-to-flow to understand how they relate to bitcoin’s growth. Joe also addresses whether excessive monetary and fiscal stimulus could harm bitcoin, and why crypto is in decline while bitcoin continues to thrive. Finally, we talk about the acceleration of exponential growth, before wrapping up with Joe’s thoughts on unpopular beliefs and the biggest risks facing bitcoin today.
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TIMESTAMPS:
00:00 Introduction
01:30 Trillion-dollar deficits and the fiscal situation
10:43 The liquidity spigot and asset prices
17:21 Rate cuts and capital deployment
25:35 Bitcoin's future and monitoring central bank actions
30:35 Predicting bitcoin in 2025 and factors to watch
37:12 The power law model vs. the stock-to-flow model
40:05 Does too much monetary and fiscal stimulus harm bitcoin?
46:50 The decline of crypto and the thriving of bitcoin
51:00 Acceleration and exponential growth
01:02:20 Unpopular beliefs and the biggest risks to bitcoin
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